Private Placement By Spear SPEAR REIT LIMITED (Incorporated in the Republic of South Africa) (Registration number 2015/407237/06) Share Code: SEA ISIN: ZAE000228995 Approved as a REIT by the JSE (“Spear” or “the Company”) PRIVATE PLACEMENT BY SPEAR Spear is pleased to announce that it has successfully completed a private placement and has received commitments to subscribe for R164.7 million of new equity. In terms of the private placement, a total of 16,814,997 new shares will be issued at a price of R9.80 per share. Subject to the approval of the JSE, the listing and issue of the new Spear shares will commence at 09:00 on Friday, 21 June 2019. PSG Capital acted as the sole bookrunner in the capital raise. Cape Town 12 June 2019 Sponsor and Bookrunner PSG Capital Date: 12/06/2019 02:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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